BusinessInsider – Jeff Bezos ‘Shocking Washington Post Buy Was Not A Business Deal – It Was A Cultural Statement – 6 August 2013

businessInsiderAmazon CEO Jeff Bezos holds up the new Kindle Fire at a news conference during the launch of Amazon’s new tablets in New York, September 28, 2011.
The sale of the Washington Post to Amazon founder and multibillionaire Jeff Bezos for $250m – just under 1% of his wealth – reads like the coda of a Tom Wolfe novel. A great American institution is bought by an internet entrepreneur, part of a Silicon Valley elite, whose rocket-ship ride to stratospheric wealth has coincided with the implosion of the galaxy of influential brands born before the era of the microprocessor.

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